Unit 10 Performance Criteria - Fraud

Pinkjo Registered Posts: 88 Regular contributor ⭐
I am in the planning stage of my unit 10 project (arrgh!) My project is going to be based on improving the budget planning and control, and I am really struggling to come up with potential areas of fraud (I work for a small company - I "do" the accounts and report to the MD, so in effect I set the budgets with MD's approval - how could that be fraudulent?)


  • Andypandy
    Andypandy Registered Posts: 526 Epic contributor 🐘
    I was looking at the fraud issue from the perspective of getting ripped off by suppliers through not checking & querying invoices enough - not internal fraud! (scooters off to find out if I've got things wrapped around my neck again......).
  • anniem
    anniem Registered Posts: 1,326 Beyond epic contributor 🧙‍♂️
    If your budget figures suggest that there are new customers, you could investigate your credit checking and trade reference take up to ensure that they are bona fide clients, not people out to fraudulently obtain your products or services without paying!

    Just a thought?

    Anna ;-)
    FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire
  • hixie
    hixie Registered Posts: 26 Regular contributor ⭐
    It may be worth going into how the likelyhood of fraud may increase if you were to employ further staff. What fraud could then occur, i.e. fictitious suppliers - are there checks in place for new supplier set-ups?, controls would need to be higher if there were new/more employees.

    Hope this helps!
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